Congress could approve extensions of an $8,000 first-time homebuyers' tax credit and unemployment benefits as soon as Nov. 3, Senate Majority Leader Harry Reid said. Reid, a Nevada Democrat, said today he has scheduled a vote late on Nov. 2 to bring debate on the issues to a close and clear the w
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10/30/2009
Oct. 29 (Bloomberg) -- The Obama administration endorsed a plan to extend an $8,000 tax credit for first-time homebuyers, saying it is helping stabilize the housing market. The tax break, enacted early this year as part of the economic stimulus, has "brought new families into the housing market a
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10/29/2009
Oct. 27 (Bloomberg) -- U.S. Senate leaders moved closer to an agreement on replacing an expiring $8,000 tax credit for first-time homebuyers with a smaller one that expands access to more borrowers, two people familiar with the matter said. The deal would reduce the size of the tax credit to 10 p
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10/27/2009
By Dean Tucker, Idaho Regional Manager, Waterstone Mortgage - Prime Equity Group A new bill dubbed the "FHA Taxpayer Protection Act of 2009" (H.R. 3706) was introduced to Congress on October 1st 2009. The new proposed legislation would raise the current required 3.5% down payment on FHA loans - t
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10/05/2009
